Home / Business and Economy / Medline IPO Shatters Records: $6.2 Billion Raised
Medline IPO Shatters Records: $6.2 Billion Raised
17 Dec
Summary
- Medline's IPO raised over $6.2 billion, one of the year's largest.
- The medical supply company sold shares on the Nasdaq under ticker MDLN.
- Family-owned Medline transitions to public ownership after decades.
Medline, a prominent medical supply company, has successfully completed an initial public offering, raising more than $6.2 billion. This substantial amount makes it one of the largest IPOs of the year. The company offered approximately 216 million shares at $29 per share, exceeding its initial projections.
Shares of Medline began trading publicly on Wednesday on the Nasdaq Global Select Market, under the ticker symbol MDLN. This transition to public ownership follows decades of family control, with the company founded in 1966. In 2021, a majority stake was sold to private equity firms.
Medline's strong market debut is attributed to its recession-proof business model and efficient operations under private equity. However, the company faces challenges including significant debt and potential tariff impacts, with estimates suggesting substantial costs in the coming years.
